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  • Sharing expenses between businesses

    Hi, apologies if this is in the wrong place/asked wrong, I don't use forums very often. Myself and a friend both run small businesses from home and were considering buying some shared equipment and material as our businesses are very similar, such as specialist printers and paper. The equipment/materials would be used 50/50 and the cost split 50/50, but we aren't sure how to go about this so that the expenses are split in regards to invoices for tax returns etc. as the money would come out of one of our bank acounts. Is there a way we can split our purchases like this so that we can both write off the expense? Is this allowed? We are both new to business so thought it was best to ask. - Jay